Super Micro Computer (NASDAQ:SMCI) Stock Price Up 5.5% - Time to Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) traded up 5.5% during trading on Monday . The stock traded as high as $50.55 and last traded at $50.22. 23,385,921 shares were traded during trading, a decline of 61% from the average session volume of 60,643,719 shares. The stock had previously closed at $47.58.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Mizuho raised their price target on Super Micro Computer from $40.00 to $47.00 and gave the company a "neutral" rating in a research note on Thursday. The Goldman Sachs Group downgraded Super Micro Computer from a "neutral" rating to a "sell" rating and cut their price objective for the company from $40.00 to $32.00 in a report on Monday, March 24th. Citigroup assumed coverage on shares of Super Micro Computer in a research note on Tuesday, May 6th. They issued a "neutral" rating and a $39.00 target price for the company. Raymond James Financial started coverage on shares of Super Micro Computer in a research report on Wednesday, June 25th. They set an "outperform" rating on the stock. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $39.00 price target on shares of Super Micro Computer in a research note on Wednesday, May 7th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Super Micro Computer has a consensus rating of "Hold" and a consensus price target of $46.06.

Super Micro Computer Stock Performance

The company has a quick ratio of 3.95, a current ratio of 6.66 and a debt-to-equity ratio of 0.38. The company has a market cap of $28.95 billion, a P/E ratio of 25.52 and a beta of 1.43. The stock has a 50 day moving average price of $41.18 and a two-hundred day moving average price of $37.88.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.01. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same period in the prior year, the firm posted $0.66 EPS. Super Micro Computer's quarterly revenue was up 19.5% on a year-over-year basis. On average, research analysts predict that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

Insider Buying and Selling at Super Micro Computer

In other news, CEO Charles Liang sold 300,000 shares of Super Micro Computer stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $45.00, for a total value of $13,500,000.00. Following the completion of the sale, the chief executive officer owned 66,903,640 shares in the company, valued at $3,010,663,800. The trade was a 0.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO David E. Weigand sold 67,000 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total value of $2,949,340.00. Following the transaction, the chief financial officer directly owned 88,599 shares in the company, valued at approximately $3,900,127.98. This trade represents a 43.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 667,000 shares of company stock valued at $29,949,340. 17.60% of the stock is currently owned by insiders.

Institutional Trading of Super Micro Computer

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Super Micro Computer by 908.4% in the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock worth $1,889,531,000 after purchasing an additional 55,845,073 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Super Micro Computer by 914.7% during the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock valued at $390,572,000 after purchasing an additional 11,580,677 shares during the last quarter. FMR LLC bought a new stake in shares of Super Micro Computer during the 4th quarter worth $292,869,000. Invesco Ltd. boosted its holdings in shares of Super Micro Computer by 929.5% in the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock worth $229,903,000 after buying an additional 6,810,082 shares during the last quarter. Finally, Northern Trust Corp grew its position in Super Micro Computer by 1,573.8% during the fourth quarter. Northern Trust Corp now owns 4,897,876 shares of the company's stock valued at $149,287,000 after buying an additional 4,605,260 shares during the period. Institutional investors own 84.06% of the company's stock.

About Super Micro Computer

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.